The Buss family’s decision to sell a controlling stake in the Los Angeles Lakers at a franchise valuation of $10 billion marks the end of nearly a half-century when one of the most valuable properties in the entire sports world was run by an eccentric father and his sometimes squabbling children.

The Buss family has entered an agreement to sell majority ownership of the Lakers to Mark Walter, sources told ESPN.

Walter, the CEO of TWG Global and Guggenheim Baseball Management, would become the majority owner with Jeanie Buss reportedly remaining in her role as Lakers governor. The Lakers have been owned